Riyadh - Mubasher: Cherry Trading Company has secured a vehicle leasing project from the Riyadh Municipality, with a total value of SAR 61.40 million.

The project, awarded on 19 April 2026, involves leasing 922 vehicles to the Riyadh Municipality for a period of three years, according to a bourse filing.

The financial impact of the contract is expected to be reflected in the company’s financial results starting from the third quarter (Q3).

Cherry Trading has recently inked a SAR 30.16 million vehicle leasing agreement with the Saudi Food and Drug Authority (SFDA).